BoE's Saunders: Rates could move either way after no deal

Additional remarks from Bank of England rate-setter Michael Saunders continue to cross the wires as he continues to speak at Imperial College in London.

Key quotes (via Reuters)

• Rates could move either way after no deal.
• Households would probably go back to recent trend if Brexit deadline extended by couple of years.
• Output gap has been closing hence policy should not be as loose as has been when we get out of Brexit risk.
• BoE probably would not change assumptions until government has firmer policy after Brexit.